Today on The Latest Development, Dirt sits down with the founders of Seedplex — Treggs & SpacemanDev — to break down how they’re reinventing startup fundraising through on-chain private equity access.

If you’re bullish on crypto venture + want liquid exposure to early-stage companies, this episode is for you. ⚡️

⏱️ Timestamps

00:45 — Why Seedplex exists: tokens tied to real equity

02:12 — Who are the founders & why they’re qualified

03:39 — The “dream vs. reality” balance in crypto projects

04:31 — What’s wrong with current token fundraising

06:51 — Tokens representing a treasury of equity 💡

09:22 — How equity becomes liquid + used in DeFi

12:19 — Angel vs VC — different outcomes, same access

15:54 — Venture Syndicate as a Service — not a launchpad

20:01 — Seedplex vs Superstate & Echo 🔍

24:42 — Governance + community-driven equity tokenization

https://x.com/seedplex_io

https://x.com/spacemandev

https://x.com/Treggs6

In this episode, Daniel from Nomu unpacks how tokenizing product margins lets customers share in upside — a model he calls Sound Commerce. We cover why e-commerce is broken, how to realign incentives between brands and buyers, and what it takes to onboard Web2 users without even mentioning crypto.

Chapters 00:00 – Intro & Daniel joins the show

01:00 – From SwissBorg to Nomu: the Web3 awakening

04:00 – The idea: “Kickstarter that actually pays you” 06:00 – Realigning producers & consumers through tokenized margin

10:00 – Fixing Web3’s image and building something generative

13:00 – How Nomu’s marketplace works (margin → reward loop)

17:00 – Turning customers into ambassadors, not ad targets

20:00 – Why UX is everything — Alibaba design meets Solana rails

23:00 – NFTs as receipts & revenue-share airdrops

26:00 – Early partners and launch strategy

29:00 – Authentic virality and the future of brand loyalty

32:00 – How Nomu hides crypto until payout (normie-friendly flow)

35:00 – From Solana IPs to mainstream brands

36:00 – “Sound Commerce”: rewriting consumerism

37:00 – Lucid Drakes, pre-seed disclosure, and Breakpoint plans

Socials Daniel - https://x.com/DLophem Nomu - https://x.com/EatwithNomu

In this episode of The Latest Development, host Dirt sits down with Drake Evans, CTO and technical founder of Agora, a leading stablecoin platform. Drake shares his journey from traditional finance to crypto, his pivotal role at Frax, and the vision behind Agora’s multi-chain stablecoin, AUSD. They dive into the challenges of building on multiple blockchains, the importance of transparency in stablecoins, and how Agora is enabling institutions and developers to leverage AUSD through white-labeling. From real-world asset (RWA) tokenization to navigating bear and bull markets, this episode is packed with insights for anyone interested in the future of decentralized finance.

Time Stamps:

Introduction (00:00 - 00:37)

Host Dirt kicks off the episode, introducing guest Drake Evans, CTO of Agora.

Overview of topics: stablecoins, RWAs, and Agora’s mission.

Drake’s Background: From Finance to Crypto (00:37 - 09:48)

Drake shares his career path: starting in venture capital and private equity, transitioning to software development at ADP, and diving into crypto.

Early crypto ventures: mining Ethereum in 2016, co-founding DapHero, and joining Frax to build Frax Lend and FraxEther.

Key moment: Joining Agora after a pivotal conversation with founder Nick, raising a seed round in October 2023.

Agora’s Vision and Multi-Chain Strategy (09:48 - 15:21)

Agora’s mission: building AUSD as a public good abstraction layer for traditional finance and blockchains.

Multi-chain from day one: AUSD is live on 14 chains, focusing on fast-growing ecosystems to capture new users.

Challenges of multi-chain development: building systems to abstract chain differences and navigating unique virtual machine architectures.

Stable coin Adoption and White-Labeling AUSD (15:21 - 33:20)

AUSD’s growth: ~$135M market cap, with adoption across various chains and strong interest from institutions.

White-labeling strategy: enabling apps and institutions to brand AUSD, leveraging shared liquidity and interoperability without building from scratch.

Target audience: from app developers (e.g., for NFT marketplaces or memberships) to banks in emerging markets looking to onboard to blockchain.

Regulatory and market tailwinds: Circle’s IPO, Trump administration’s crypto focus, and institutional interest (e.g., Stripe, BB&K acquisitions) driving stable coin demand.

Transparency vs. Stability in Stable coins (20:45 - 27:27)

Balancing transparency: Agora uses monthly attestations and proof-of-reserves, but excessive transparency (e.g., revealing banking partners) can lead to risks like USDC’s depeg during the SVB crisis.

Lessons from Frax: on-chain transparency was key, but as stable coins integrate with traditional finance, trade-offs emerge.

Governance risks: fully permissionless systems can enable economic exploits, highlighting the need for professional oversight.

The Future of RWAs and Stable coins (33:20 - 43:40)

Credits

Host: Mike aka Dirt

Guest: Drake Evans, CTO of Agora

Produced by: EXO Tech Media in partnership w KlutchShotz